Look at the latest market trends, news, technical and fundamental analysis and expert opinion. High exchange rate 0.201, low 0.194. Show: Historical Prices. The USD to BRL forecast at the end of the month 5.341, change for October 3.0%. The BRL to USD forecast at the end of the month 0.176, change for May -2.8%. It will also show you where strong historic levels of support and resistance. See what IIF, Bank of America, UBS, Deutsche Bank, and others say about the future of the Brazilian currency. High exchange rate 0.202, low 0.196. A growing swarm of debris in space has led the U.S. government to attempt to set new space hygiene norms, while private companies are also investing in ways to tackle the messy orbital environment. BRL to USD forecast for November 2026.In the beginning rate at 0.176 Dollars. Brazilian Real to Dollar forecast for October 2024.In the beginning rate at 0.193 Dollars. The average for the month 5.496. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. Advanced users can use our Python/R/Matlab packages. The average for the month 5.040. In his first speech after the win, Lulavowedto reunify Brazil and return to state-driven economic growth and social policies that helped lift millions out of poverty when he was previously president from 2003 to 2010. High exchange rate 5.157, low 4.984. Change for today -0.0014, -0.03%. The average for the month 0.183. The COVID-19 pandemic slowed the recovery of Brazil's property market, with real house prices in Sao Paulo decreasing 5.51% until Q3 2021, following a 0.21% increase the previous year. Showing '2022 Daily Forecast Mimosa' search results. The BRL to USD forecast at the end of the month 0.189, change for September 3.3%. USD to BRL forecast for March 2026.In the beginning rate at 5.206 Brazilian Reals. Dollar to Brazilian Real forecast for August 2025.In the beginning rate at 5.138 Brazilian Reals. 16. The USD to BRL forecast at the end of the month 5.206, change for February -2.7%. Contact Us - Privacy Policy - Terms of Use. High exchange rate 5.283, low 5.061. Over the medium term, once political risk dissipates and global economic conditions stabilise, the Brazilian real could re-emerge as the market's sweetheart." Monex's latest USD/BRL forecast, issued on 1 October 2022, put the rate at 5.00 in three months, 4.80 in six months, and 5.00 in 12 months. High exchange rate 0.188, low 0.181. The average for the month 0.174. Household consumption, private investment and exports will remain the main drivers of growth, although quarterly export growth is projected to slow in 2023. You should do your own research to develop an informed view of the market. The USD to BRL forecast at the end of the month 5.697, change for January -2.0%. USD to BRL forecast for January 2026.In the beginning rate at 5.228 Brazilian Reals. The USDBRL spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the BRL. High exchange rate 0.189, low 0.181. The Brazilian real (BRL) has been highly volatile against the US dollar (USD) so far in 2022, shifting from being one of the top performers against the greenback earlier in the year to a sell-off in July that made it one of the biggest underperformers among emerging market currencies. In the beginning rate at 5.143 Brazilian Reals. The average for the month 0.190. The average for the month 0.188. Deliveries took place in the Southeast region, mainly in the states of So Paulo (346,284 sq.m) and Minas Gerais (252,286 sq.m). Aus Dollar to Dollar forecast for August 2023. In a Euro BRL portfolio, I would suggest 50-50 in the mid-range 65-35 in the light range and 80-20 to 90-10 in the dark range. Real rallies on commodity price boom and high interest rates. Brazilian Real to Dollar forecast for June 2023.In the beginning rate at 0.182 Dollars. Number of Arrangements since membership: 16. The USD to BRL forecast at the end of the month 5.059, change for July -0.5%. All of these factors have come into play in determining how the USD/BRL pair has performed this year. Over the next 3-5 years, we will continue to see ample downside to the USD (15-20%) as we eventually move to acceptable levels of inflation, lower monetary policy rates, and enter the next global recovery cycle. While the Mexican central bank is eyeing at least six more rate increases, the Central Bank of Brazil is tapering its rate hikes. Although economic indicators near the beginning of August pointed toward strength and helped boost incumbent president Jair Bolsonaro in the polls, most of the dataflow toward the back half of the month painted a picture of fundamental weakness in the Brazilian economy. High exchange rate 5.291, low 5.055. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The average for the month 5.307. The average for the month 0.189. The average for the month 0.197. 3) Inflation. The average for the month 5.396. Euro to Real forecast on Thursday, March, 30: exchange rate 5.511 Reals, maximum 5.594, minimum 5.428. BRL to USD forecast for July 2023.In the beginning rate at 0.188 Dollars. And never trade or invest more than you can afford to lose. losed Joint Stock Company FinTech Solutions. High exchange rate 5.537, low 5.296. In addition to that, we expect some accommodation on both the world growth and commodity prices on the heels of monetary tightening cycles that are being deployed worldwide. If you are interested in trading the Brazilian real, you should keep in mind that currency markets are highly volatile. The average for the month 5.435. High exchange rate 5.243, low 5.010. High exchange rate 0.198, low 0.189. The BRL to USD forecast at the end of the month 0.201, change for August 3.1%. USD to BRL forecast for January 2027.In the beginning rate at 5.813 Brazilian Reals. As with other currencies, the value of the real is driven by the countrys economic activity, including gross domestic product (GDP), international trade balance, government policy on spending and monetary policy such as interest rates. The average for the month 5.463. High exchange rate 0.179, low 0.171. Maximum 6.269, minimum 6.027. The average for the month 0.193. High exchange rate 5.132, low 4.903. As a result, there has been a rise in equity inflows into these markets to take advantage of this cyclical . Jankiel Santos, an analyst at Spanish bank Santander,observed that Brazilian exporters may be finally repatriating resources hoarded abroad between late 2020 and early 2021. High exchange rate 5.454, low 5.211. BRL to USD forecast for May 2025.In the beginning rate at 0.200 Dollars. The algorithm-based service had abrazil real forecast for 2025 estimated at 7.73by theend of that year.Analysts have yet to issue a Brazil real forecast for 2030. Numeric forecasts were more cautious, but relatively optimistic as well, pointing to a shallow 1.3% drop in one month to 4.72 reais per U.S. dollar from 4.66 reais on Wednesday, according to the . The average for the month 5.322. 2010-2023, The Economy Forecast Agency. The average for the month 5.042. The average for the month 0.186. The average for the month 5.501. High exchange rate 5.900, low 5.726. The average for the month 0.636. What is the outlook for the Brazilian real following the results of the 2022 election? Inflation was unchanged at December's 22-month low of 5.8% in January. (adsbygoogle = window.adsbygoogle || []).push({}); Actual USD to BRL exchange rate equal to 5.1956 Brazilian Reals per 1 Dollar. Taking those factors and adding in a hefty dose of political risk that stems from the countrys October presidential election into account, there is a recipe for a stronger USD/BRL rate in the near-term, especially if the Fed continues to talk up the US terminal rate. Dollar to Brazilian Real forecast for August 2024.In the beginning rate at 5.059 Brazilian Reals. High exchange rate 0.181, low 0.173. The strength in Brazils real was a bit puzzling,noted MonexFX analysts Simon Harvey and Jay Zhao-Murray in September 2022. High exchange rate 5.390, low 5.150. The BRL to USD forecast at the end of the month 0.195, change for May -2.5%. The average for the month 5.088. Q4 2022 Brazil Industrial Report Brazil's class A logistics market once again registered positive outcomes in the last quarter of the year, with 622,501 sq.m of new inventory. The material provided on this website is for information purposes only and should not be understood as an investment advice. Your trading strategy for the real will depend on your personal circumstances, risk tolerance and portfolio composition, among other factors. The average for the month 0.199. The consensus forecast for annual United States and Brazil inflation rates for the next 12 months period is 2.6% and 20.0%, respectively. The USD to BRL forecast at the end of the month 5.233, change for October 3.0%. High exchange rate 5.787, low 5.615. The BRL to USD forecast at the end of the month 0.200, change for April -0.5%. USD to BRL forecast for March 2027.In the beginning rate at 5.703 Brazilian Reals. What is the outlook for the real following the results of the presidential election and Lulas win? High exchange rate 5.561, low 5.313. Relatively tight monetary policy and uncertainty around fiscal policy will add to economic headwinds. Combined with fiscal tightening after Brazils October elections, this will lead to a clear slowdown in 2023.. High exchange rate 5.086, low 4.936. The dollar index Thursday rallied moderately. High exchange rate 5.644, low 5.399. The results of forecasts of the Euro / Dollar currency pair are presented below in the form of graphs, tables and text information. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: High exchange rate 5.348, low 5.182. See here for a complete list of exchanges and delays. Brazilian Real to Dollar forecast for February 2024.In the beginning rate at 0.180 Dollars. The BRL to USD forecast at the end of the month 0.170, change for April -2.9%. Past profits do not guarantee future profits. The averaged exchange rate 6.145. BRL to USD forecast for May 2026.In the beginning rate at 0.181 Dollars. Dutch bank ING was bearish on the BRL given the risk that Bolsonaro challenges any Lula win (rigged electronic voting etc) uncertainty reigns, according to analyst Chris Turner in the banks monthly FX analysis. The BRL to USD forecast at the end of the month 0.192, change for February 2.7%. The average for the month 0.198. In September, the USD/BRL pair ranged between 5.09 and 5.25. The average for the month 5.332. BRL to USD forecast for November 2025.In the beginning rate at 0.191 Dollars. Policy makers raised projections for 2021 gross domestic product to 4.7% from prior 4.6% and now forecast 2.1% growth next year, according to their quarterly inflation report released on Thursday . The US dollar has rallied on growing concerns that the Feds hawkish turn on interest rates since March could see the worlds largest economy enter a recession. The Brazilian real has been the national currency of Brazil since July 1994, when it replaced the cruzeiro real. The USD to BRL forecast at the end of the month 5.454, change for August 0.5%. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. USD to BRL forecast for May 2023.In the beginning rate at 5.339 Brazilian Reals. 2022 . In the beginning rate at 0.624 Dollars. The USD to BRL forecast at the end of the month 5.081, change for September 1.9%. White label accounts can distribute our data. The exchange rate shows the value of one US dollar in Brazilian reals. What would you forecast the exchange rate to be at around 1 October 2022 . Investors and analysts are now closely watching for any indication of Lulas future cabinet, while weighing the risk ofBolsonaro questioningthe election results, which could fuel political turmoil in Brazil. The USD to BRL forecast at the end of the month 5.394, change for February -3.0%. Gold regain its shine. It began the second quarter strongly and is set to maintain the winning streak in the near term. What has driven the volatility, and what is the outlook for the foreign exchange (forex; FX) pair for the rest of the year? The average for the month 0.193. The USD to BRL forecast at the end of the month 5.069, change for November -1.4%. High exchange rate 5.510, low 5.325. High exchange rate 5.789, low 5.617. Brazilian Real to Dollar forecast for October 2023.In the beginning rate at 0.189 Dollars. Keep in mind that past performance is no guarantee of future returns, and never invest money you cannot afford to lose. USD TO BRL FORECAST TOMORROW, MONTH. The BRL to USD forecast at the end of the month 0.175, change for February -0.6%. USD to BRL forecast for November 2023.In the beginning rate at 5.449 Brazilian Reals. Bookmarking the page to check for updates later: The average for the month 5.388. The USD to BRL forecast at the end of the month 5.449, change for October 3.0%. However, the downside move has been limited by speculation that the Bank of Brazil would hold interest rates higher for longer . As such, overall sentiment on emerging market economies and currencies can also affect the value of the Brazilian real. The USD to BRL forecast at the end of the month 4.423, change for December -3.0%. The BRL to USD forecast at the end of the month 0.183, change for December -3.2%. High exchange rate 5.263, low 5.034. The average for the month 5.420. High exchange rate 5.639, low 5.394. High exchange rate 0.175, low 0.169. In a split decision and in line with market expectations and our forecast, the Banco Central do Brasil decided to keep the Selic rate on hold at 13.75% two out of thenine board members decided to vote in favour of a 25bps rate hike. The USD to BRL forecast at the end of the month 5.399, change for December -1.5%. The Banco Central do Brasil (BCB) has since raised the rate further to 13.75%. The average for the month 5.448. We recognise that given current market dynamics (ie,a more aggressive Fed tightening cycleand lingering fiscal risks), the central bank is allowing some flexibility should local and external inflationary pressures persist and increase, and did not rule out further rate hikes. Even with a stubborn economic crisis in Brazil, uncertainties regarding upcoming elections, and the war in Ukraine, the Brazilian Real extended its positive streak against the U.S. Dollar to an eighth straight day on Friday. losed Joint Stock Company FinTech Solutions. After a lackluster 2021, the price of gold increases to above $2,000/ounce in anticipation of and, subsequently, in . Our panelists expect the downward trend to resume in H1 2023, although inflation will remain above the Central Bank's 3.5% target. The USD to BRL forecast at the end of the month 5.243, change for May -2.7%. The average for the month 5.283. High exchange rate 0.193, low 0.184. However, these conditions are distant and higher rates and rising recession are likely to support the USD over the coming months.. 1 However, external demand for Brazil's goods has held . High exchange rate 0.191, low 0.184. The average for the month 5.457. High exchange rate 5.536, low 5.372. The central banks most recent Focus surveyshowed markets have raised their 2022 inflation expectations after 17 weeks of cuts, while growth projections were kept unchanged. This is the US Dollar (USD) to Brazilian Real (BRL) exchange rate history summary page, detailing 180 days of USD BRL historical data from Saturday 3/09/2022 to Tuesday 28/02/2023 Highest: 5.4797 . Technically, you can trade currency pairs, including USD/BRL, around the clock. The USD to BRL forecast at the end of the month 5.325, change for June -3.0%. The average for the month 0.173. () () . High exchange rate 0.198, low 0.189. However, the real's performance is diverging from an economy that continues to disappoint. USD to BRL forecast for July 2023.In the beginning rate at 5.325 Brazilian Reals. Dollar to Brazilian Real forecast for December 2023.In the beginning rate at 5.481 Brazilian Reals. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The BRL to USD forecast at the end of the month 0.193, change for September -3.0%. The average for the month 0.200. The USD/BRL rate surpassed 5.00 at the start of 2020, with each real worth as little as $0.18 as the Covid-19 pandemic drove investors to seek a safe haven in the US dollar. Brazilian Real to Dollar forecast for December 2023.In the beginning rate at 0.182 Dollars. The USD to BRL forecast at the end of the month 5.561, change for January 3.0%. See here for a complete list of exchanges and delays. The BRL to USD forecast at the end of the month 0.182, change for May -2.7%. The Brazilian real was changing hands around $5.15, a dramatic reversal from an eight-month peak of $4.95 touched on February 2nd, as stronger-than-expected US economic data fanned concerns about an aggressive Federal Reserve, thus spurring demand for the dollar. Special Drawing Rights (SDR): 14166.33 million. Remember to always do your own research before coming to an investment decision. USD to BRL forecast for May 2025.In the beginning rate at 5.011 Brazilian Reals. Dollar to Brazilian Real forecast for April 2026.In the beginning rate at 5.362 Brazilian Reals. The USD to BRL forecast at the end of the month 5.389, change for April -3.0%. Dollar to Brazilian Real forecast for October 2026.In the beginning rate at 5.679 Brazilian Reals. The average for the month 5.397. Our baseline forecast shows CPI inflation spiking to over 8% in 2022. From its 21% year-to-date gain against the dollar to 4.59, from 5.68 on 4 April, the real retreated to 5.50 on 22 July. Brazil was one of the first countries to be considered an emerging market, forming the BRIC group along with Russia, India and China. Late last month the monetary policy committee at Brazil's central bank, known as COPOM, raised its policy Selic rate by 150bps to 10.75%; taking it above the annual rate of inflation for the first time in . Cu Truyn.Cavendish University Uganda 11th Graduation The 11th Graduation ceremony which was held on 25th August 2022 at Speke Resort Munyonyo was presided over by H.E. The USD/BRL exchange rate fell from 5.6825 at the start of this year to 4.5938 on 4 April as the real climbed in value. High exchange rate 0.194, low 0.186. The USD to BRL forecast at the end of the month 5.291, change for January -3.0%. Fast Facts: Real. High exchange rate 5.774, low 5.523. How much will the Brazilian Real (BRL) cost against the Dollar (USD) in January, February, March, April, May, June, July, August, September, October, November, December 2022? BRL to USD forecast for November 2024.In the beginning rate at 0.187 Dollars. The BRL to USD forecast at the end of the month 0.184, change for October -2.6%. High exchange rate 5.481, low 5.318. Brazilian Real to Dollar forecast for April 2025.In the beginning rate at 0.201 Dollars. Concerns about the impact of Covid-19 restrictions in China on manufacturing activity have also weighed on sentiment in recent months. The average for the month 0.183. The USD to BRL forecast at the end of the month 5.455, change for December 3.0%. Inverse rate: BRL to USD. Economic Outlook Note - Brazil. For 2022, the IPCA inflation estimate is 5.03%. The average for the month 5.310. The average for the month 0.182. The BRL to USD forecast at the end of the month 0.190, change for March -0.5%. , aram@brl.ru. "Should I invest in GBP to BRL Currency Pair?" "Should I trade GBP/BRL pair today?" According to our Forecast System, GBP to BRL Forex pair is a not so good long-term (1-year) investment*. The average for the month 5.390. The BRL to USD forecast at the end of the month 0.182, change for November -1.1%. High exchange rate 0.188, low 0.180. . Dollar to Brazilian Real forecast for October 2025.In the beginning rate at 5.081 Brazilian Reals. In the first quarter of this year, it gained 3.2%, almost unmoved by the impact of Russia's invasion of Ukraine. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. (For other stories from the April Reuters foreign exchange poll:). Past performance is no guarantee of future results. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Thus, we believe exporters operations will require a larger amount of their own resources, which should lead to further shrinkage of the gap between shipped and financial trade balances. The average for the month 5.191. BRL rose as high as 5.4 against the US dollar (USD) onMonday 31October, before sliding to 5.18. Its USD/BRL forecast for 2025 indicated the pair could trade at 6.449 by the end of the year. Country Population: 215.157 million. The average for the month 5.052. High exchange rate 5.954, low 5.695. Copom's inflation projections stand at 5.8% for 2022, 4.6% for 2023, and 2.8% for 2024. The average for the month 5.177. The BRL to USD forecast at the end of the month 0.185, change for December 1.6%. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The Brazilian real made strong gains against the US dollar in the first quarter of 2022, and appears to be regaining strength following Lulas victory over former president Jair Bolsonaro at the end of October. High exchange rate 5.780, low 5.610. USD to BRL forecast for December 2022. If you rely on the information on this page then you do so entirely on your own risk. High exchange rate 5.138, low 4.909. GBP to BRL forecast for April 2023. Gold since it found support back from 09.28.2022 it has been in a bullish cycle.. ^XAUUSD: (+0.08%) Brazilian Real to Dollar forecast for February 2025.In the beginning rate at 0.189 Dollars. High exchange rate 5.455, low 5.212. But by 2023, total inflation falls to 5.2%, and, by 2024, 2.8%. The Brazilian real is the subject of this weeks Currency Spotlight. The average for the month 0.186. High exchange rate 0.197, low 0.188. The BRL to USD forecast at the end of the month 0.183, change for August -0.5%. High exchange rate 5.960, low 5.701. High exchange rate 0.185, low 0.180. Dollar to Brazilian Real forecast for June 2026.In the beginning rate at 5.689 Brazilian Reals. High exchange rate 4.560, low 4.357. The USD to BRL forecast at the end of the month 5.269, change for March 0.9%. Dollar to Brazilian Real forecast for April 2024.In the beginning rate at 5.556 Brazilian Reals. Apply. High exchange rate 5.442, low 5.206. The BRL to USD forecast at the end of the month 0.197, change for June 3.1%. However, you should make trading decisions only after performing your own research, and remember that high volatility increases risks of losses. BRL to USD forecast for March 2027.In the beginning rate at 0.175 Dollars. The average for the month 5.353. Overall sentiment on emerging markets can also influence the BRLs value. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Brazilian Real to Dollar forecast for August 2023.In the beginning rate at 0.184 Dollars. The market expectation is that Lula will be pragmatic and take a more centrist approach given the slim margin of victory Lulas50.9% of votes beat Bolsonaros49.1%. A sharp rise in interest rates is denting economic activity but failing to significantly curb high inflation. 84% of retail investor accounts lose money when trading CFDs with this provider. Dollar to Brazilian Real forecast for February 2024.In the beginning rate at 5.561 Brazilian Reals. BRL to USD forecast for March 2024.In the beginning rate at 0.185 Dollars. Today's range: 0.1925-0.1925. Brazil ETF: An exchange-traded fund that invests in Brazilian stocks, either through local stock exchanges or with American and global depositary receipts on European and U.S. stock exchanges . Average: Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Brazilian Real to Dollar forecast for December 2026.In the beginning rate at 0.170 Dollars. In the beginning rate at 5.069 Brazilian Reals. Read more in Terms of Use. Currency . USD to BRL forecast for November 2024.In the beginning rate at 5.341 Brazilian Reals. The Brazilian real soared against the U.S. dollar in recent weeks, trading at 4.59 per USD on 4 April and hitting its strongest value since March 2020. #amount { width: 190px;} While the USDBRL spot exchange rate is quoted and exchanged in the same day, the USDBRL forward rate is quoted today but for delivery and payment on a specific future date. The average for the month 0.182. WalletInvestorsGBP/BRL forecast at the time of writing (31 October) showed the pair trading up from 6.13 at the start of October to 6.25at the end of 2022 and 6.74by the end of 2023. In October 2022, Brazil will hold both Congressional and presidential elections. In his first speech after the win, Lulavowed to reunify Brazil and return to state-driven economic growth and social policies that helped lift millions out of poverty when he was previously president from 2003 to 2010.Investors and analysts are now closely watching for any indication of Lulas future cabinet, while weighing the risk ofBolsonaro questioningthe election results, which could fuel political turmoil in Brazil. Keep in mind that past performance is no guarantee of future returns. The real gained some value in August, returning to its June levels. How will the election affect the value of the Brazilian real/US dollar pair? Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. The average for the month 5.627. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. High exchange rate 0.194, low 0.186. High exchange rate 5.206, low 5.011. As of 2023 February 19, Sunday current rate of EUR/BRL is 5.539 and our data indicates that the currency rate has been in a downtrend for the past 1 year (or since its inception).. Euro / Brazilian Real has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. The average for the month 0.199. The average for the month 0.173. The average for the month 5.260. Analysts at Swedens SEB Group see the Brazilian economy slowing heading into 2023, which could weigh on the real.They noted: Brazils economy has been boosted by rising commodity prices in the aftermath of the pandemic and during the Ukraine war, but a slowdown in global demand will probably gradually lower commodity prices ahead. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. The USD to BRL forecast at the end of the month 5.429, change for July 2.0%. Dollar to Brazilian Real forecast for December 2026.In the beginning rate at 5.866 Brazilian Reals. The direction of the Brazilian real will likely depend on the events following the October presidential elections, as well as Brazils economic performanceand the level of interest rates compared to other countries, among other factors. on PC press buttons Ctrl + D or click the star next to the browser bar at the top. The USD to BRL forecast at the end of the month 5.339, change for April 1.3%. The policy rate is already 7.75% and the market prices a cycle up to the 12% area into spring 2022, as the central bank responds to 10%+ headline inflation and a soft BRL. However, there are certain time slots when forex trading is most busy. The real has begun underperforming against Latin American currencies, with the Mexican peso, for example, climbing in response to strong remittances, rising interest rates and a potential increase in manufacturing activity from US companies relocating production from China. In their September USD/BRL prediction, analysts at UK-based foreign exchange company Monex wrote that in terms of rates, although the BCB has been ahead of the curve in raising interest rates to fight inflation, the hiking cycle has come to an end.They added:The Selic rate now sits at 13.75% and money markets expect them to decline as early as next year as growth conditions deteriorate, fuelled in part by the lagged impact of aggressive monetary tightening. How has the real performed so far in 2022? As the global economy slows dramatically this year, Brazil will likely follow suit. High exchange rate 0.192, low 0.186. In 12 months time, ING expected the EUR/BRL pair to trade at 6.31, while Monex forecast a rate of 5.35and TradingEconomics expected 5.57.
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